The Low Price/Low Float Portfolio 8/17/2021 results:
Portfolio Cost: $49,287
8/16/2021 Value: $47,040
8/17/2021 Value: $46,120
Daily gain/loss: ($920)
Total gain/loss: ($3,167)
1 sell order executed: 1 at 20% level
2 buy orders executed
Since inception:
54 sell orders executed: 38 at 20% level, 14 at 40% level, 2 at 100% level
42 buy orders executed
We now have a six-day losing streak going. Sixty-three new 52-week highs on Nasdaq today against 342 new 52-week lows. Yikes!
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.